Pound Sterling Price News and Forecast: Pound Sterling prints a fresh three-week low amid cautious sentiment

FXStreet Team FXStreet

BoE Preview: Forecasts from 10 major banks, 25 bps or 50 bps? That is the question

The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, August 3 at 11:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 10 major banks. Read More...

Pound Sterling prints a fresh three-week low amid cautious sentiment ahead of BoE

The Pound Sterling (GBP) remained subdued on Wednesday as investors await the interest rate decision by the Bank of England (BoE), which will be announced on Thursday. The GBP/USD pair attempts a recovery move after retracing more than 60% from its July high as one league of investors believes that the central bank could remain hawkish beyond expectations. Read More...

GBP/USD: Still scope for a move to 1.2720 – UOB

GBP/USD could still slip back towards the 1.2720 region in the near term, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2723
Today Daily Change	-0.0053
Today Daily Change %	-0.41
Today daily open	1.2776

Trends
Daily SMA20	1.29
Daily SMA50	1.2713
Daily SMA100	1.2567
Daily SMA200	1.23

Levels
Previous Daily High	1.2841
Previous Daily Low	1.2741
Previous Weekly High	1.2996
Previous Weekly Low	1.2763
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.278
Daily Fibonacci 61.8%	1.2803
Daily Pivot Point S1	1.2731
Daily Pivot Point S2	1.2686
Daily Pivot Point S3	1.2631
Daily Pivot Point R1	1.2832
Daily Pivot Point R2	1.2887
Daily Pivot Point R3	1.2932

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold remains range-bound below $4,200

Gold has given up some ground after an initial bullish attempt to reach weekly highs, returning to below the $4,200 mark per troy ounce on Friday. The US Dollar’s strong upside momentum, combined with rising US Treasury yields across the curve, seems to keep further gains in the yellow metal under scrutiny.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

The Euro is not the sick man of Europe. France's bond market is

EUR/USD remains under pressure, near the 17-month low of 1.1161 reached on Monday. The pair has lost more than 7% since its yearly peak, as concerns over France's public finances increasingly weigh on the single currency. But behind the weakness of the Euro (EUR), the problem does not necessarily lie with the European economy as a whole.